VS
When evaluating costs, PSB features a management fee (MER) of 0.25%, compared to 0.1% for ZCS. Performance-wise, PSB has returned 1.4% year-to-date with -$7 M in net flows, whereas ZCS is at 1.51% with +$491 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
PSB
ZCS
| AuM | $522.22 M | $4,782.23 M |
| Management Fees | 0.25% | 0.10% |
| Exp. ratio | 0.28% | 0.11% |
| Tracking Difference | - | - |
Historical performance and flows
As of July 30, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | PSB | -0.20% | +0.90% | +1.40% | +3.56% | +18.10% |
ZCS | -0.15% | +1.06% | +1.51% | +3.62% | +19.29% | |
| Flows | PSB | +$3 M | -$14 M | -$7 M | -$51 M | +$122 M |
ZCS | -$35 M | +$598 M | +$491 M | +$385 M | +$3,364 M |
PSB vs ZCS exposure
Countries
PSB
Exposure data will be available soon
ZCS
Canada
76.87%
Other
23.13%
Sectors
PSB
Exposure data will be available soon
ZCS
Banks
38.81%
Other
23.13%
Pipelines
8.87%
Other
29.19%
As of July 30, 2026
Top 10 Holdings
PSB
Exposure data will be available soon
ZCS
Bank of Montreal, 3.19% 1mar2028, CAD
6.49%
Toronto-Dominion Bank, 4.477% 18jan2028, CAD
5.13%
CA779926QX54
5.10%
CIBC, 3.8% 10dec2030, CAD
4.34%
CA89116C3S44
4.31%
TransCanada PipeLines, 5.277% 15jul2030, CAD
3.80%
Royal Bank of Canada, 4.829% 8aug2034, CAD (28)
3.71%
Royal Bank of Canada, 4.632% 1may2028, CAD
3.68%
Bank of Montreal, 4.709% 7dec2027, CAD
3.67%
RBC Capital Markets, 4% 17oct2030, CAD
3.65%
Diversification
PSB
Exposure data will be available soon
ZCS
Total weight of top 10 holdings out of 46 total
43.87%
Characteristics
Compare
PSB
ZCS
| Provider | Invesco | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE TMX Canada Investment Grade Laddered Corporate 1/5 Y Bond Total Return Index - CAD | FTSE TMX Canada Short Term Corporate Bond Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 3.22% | 3.98% |
| Meets ESG criteria | No | No |
| Inception Date | June 15, 2011 | October 20, 2009 |
Frequently asked questions about PSB and ZCS
Which ETF has performed better year to date: PSB or ZCS?
As of July 30, 2026, PSB has returned 1.40% year to date, while ZCS has returned 1.51%. ZCS is ahead on YTD performance.
Which ETF is larger by assets under management: PSB or ZCS?
As of July 30, 2026, PSB manages $522.22 M in assets, while ZCS manages $4.78 B. ZCS is the larger fund by AUM.
How are PSB and ZCS managed?
PSB is passively managed by Invesco. It tracks the FTSE TMX Canada Investment Grade Laddered Corporate 1/5 Y Bond Total Return Index - CAD benchmark. ZCS is passively managed by BMO. It tracks the FTSE TMX Canada Short Term Corporate Bond Index - CAD benchmark.
Which ETF is attracting more investor flows: PSB or ZCS?
Year to date, PSB has seen -$7.41 M in net flows, compared with +$490.65 M for ZCS. ZCS has attracted more net investor money so far.
How do the fees of PSB and ZCS compare?
PSB has an expense ratio of 0.28%, while ZCS has an expense ratio of 0.11%.
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.